Australian Credit Card and Debit Card Statistics 2016

Discover exactly how the average Australian uses their credit card with our comprehensive guide of credit card statistics

There are over 16 million credit cards in Australia, netting a national debt accruing interest of around $32 billion. For many Australians, managing credit and debt through credit cards is a common element of their day-to-day money habits, while for others a few bad mistakes have lead to a downward debt spiral. But what does the state of Australia’s credit card debt actually look like?

Comparing how we use credit cards and debit cards

percentage of australians with a credit card

According to the finder.com.au June 2016 survey, 70.19% of Australian adults own a credit card.

There are 16,539,369 credit cards in Australia;


There are 42,920,563 debit cards in Australia


How do Australians use credit cards?

How many credit cards does each Australian have on average?

2.18 per person calculated using data from the Australian Securities and Investment Commission (ASIC) and the Reserve Bank of Australia (RBA) as of June 2015.

There are 2.8% more credit cards in circulation year-on-year.

What type of Australians are using credit cards?

How many Australians own credit cards by age demographic?

  • 39.48% had one
  • 17.59% had two
  • 8.36% had three or more

  • 34.70% had one
  • 26.79% had two
  • 20.69% had three or more

  • 32.79% had one
  • 29.53% had two
  • 17.52% had three or more

How do Australians use credit cards?

The Average credit limit per credit card:$9,093.87
How many transactions do we make each month?An average of 12 per month, 100 per year.
 The average cardholder uses 34.7201% of their credit limit.

The average cardholder uses 34.7201% of their credit limit.


50.40% of Australians use their credit to pay households bills


How do Australians handle credit card debt?

How do Australians use credit cards?

Average Australian credit card balance last month:$3,157
Average monthly repayments:$1,637
Average balance collecting interest:$1,992.28

Australia owes $52,221,456,175 crdit card debt as a whole

How much credit card debt does Australia owe as a whole?

How has the way Australians use credit cards changed in the last 10 years?

YearAccountsPurchasesPurchases ValueBalances Accruing InterestTotal Balances
19956,746,69718,572,376$1,504,775,333$5,902,531,500N/A
19967,171,68121,327,211$1,716,478,250$6,970,112,000N/A
19977,661,05025,544,859$2,006,558,167$7,933,909,917N/A
19988,107,75133,230,275$2,480,210,750$9,301,922,198N/A
19998,561,46343,775,831$3,289,235,796$11,188,984,583N/A
20009,186,42654,160,188$4,427,400,750$13,825,125,833N/A
20019,599,60063,262,374$5,704,497,083$16,562,522,490N/A
200210,282,27578,980,602$6,926,303,489$15,654,964,615$21,632,476,879
200310,575,96785,944,716$9,722,033,157$17,459,831,412$24,460,963,830
200411,252,84994,031,940$10,870,024,403$19,584,814,661$27,691,093,053
200512,024,45399,171,723$12,235,065,131$22,417,391,623$31,464,241,650
200612,936,118106,077,623$13,172,441,716$26,205,709,409$36,343,226,964
200713,587,881112,699,505$14,488,224,374$29,260,322,734$40,602,096,354
200814,009,657118,291,550$16,020,173,355$31,459,592,322$43,674,616,532
200914,325,362123,397,918$17,271,752,680$32,591,404,701$44,934,444,304
201014,642,249131,079,776$17,860,701,479$34,814,324,464$47,666,028,188
201114,892,280138,540,312$19,030,143,061$36,180,712,025$49,155,184,501
201215,076,723147,966,067$19,959,970,338$36,235,249,589$49,765,586,487
201315,381,723159,731,196$20,897,695,673$34,500,802,152$49,546,355,130
201415,580,233172,684,963$21,873,628,623$33,352,878,864$50,101,907,023
201516,080,937188,522,014$24,425,285,429$32,144,245,289$50,992,916,919

For more statistics and research please contact:

Graham Cooke
Graham Cooke
Insights Manager
graham.cooke@finder.com.au@gcooke42/in/gcooke42unnamed (25)
P: +61 2 9299 7602
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8 Responses to Australian Credit Card and Debit Card Statistics 2016

  1. Default Gravatar
    Luke | September 15, 2016

    Hi, I was wondering how many new credit cards are approved each month? Or perhaps the average churn rate pa on Credit Cards.

    • Staff
      May | September 15, 2016

      Hi Luke,

      Thanks for your inquiry.

      I’m afraid we do not have that information available, but you may try checking with Australian Securities and Investment Commission (ASIC) and Reserve Bank of Australia (RBA).

      Hope that helps.

      Cheers,
      May

  2. Default Gravatar
    Hamish | May 18, 2015

    How many consumer credit card applications are made a year?

    • Staff
      Jonathan | May 18, 2015

      Hi Hamish, thanks for your inquiry!

      Please note that finder.com.au is a comparison service, it may be best to check with official statistical agencies such as the Australian Bureau of Statistics for this inquiry.

      Cheers,

      Jonathan

  3. Default Gravatar
    Greg | March 20, 2015

    How much does the average australian spend, a month, on debit card transactions.
    I have found the statistics for credit card but not for debit card transactions.

    Thank you

    • Staff
      Jonathan | March 20, 2015

      Hi Greg, thanks for your inquiry!

      Unfortunately the household debt report by the Australian Bureau of Statistics (ABS) does not include the average amount for debit card transactions. It would be best to contact the ABS directly for more information/statistics on this measure.

      Cheers,

      Jonathan

  4. Default Gravatar
    Lee | March 25, 2013

    How many 18-25 year-old Australians have a credit card?

    • Staff
      Jacob | March 25, 2013

      Hi Lee. Sorry, these statistics are not available to us. Try the Reserve Bank of Australia. They publish credit card and charge card statistics.
      Jacob.

Credit Cards Comparison

Rates last updated September 26th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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